Phoenix Arizona Disposición de pago en un subarrendamiento - Attornment Provision in a Sublease

• Category: Propietario Inquilino - Arrendamientos comerciales - Alaska
• State: Multi-State
• City: Phoenix
• Control #: US-OL2004
• Format: Word

Description

Negociación y Redacción de Arrendamientos de Oficinas Phoenix Arizona Attornment Provision in a Sublease is a legal clause that addresses the relationship between a subtenant and the landlord in a sublease agreement. This provision is particularly crucial in the context of subleasing commercial properties in Phoenix, Arizona. The attornment provision establishes the subtenant's obligation to recognize and acknowledge the landlord as the new landlord in the event that the original lease is terminated or the property is sold. In Phoenix, Arizona, there are two primary types of attornment provisions commonly found in sublease agreements: 1. Basic Attornment: This type of attornment provision requires that the subtenant recognizes and attorns to the landlord as the new landlord, should the original lease be terminated or the property sold. By attorning, the subtenant agrees to accept the landlord as their new direct landlord and continue paying rent and performing other obligations under the terms of the original lease. 2. Non-Disturbance Attornment: This provision ensures that the subtenant's rights and leasehold interest will not be disturbed or terminated in the event that the original lease is terminated or the property is sold. It provides the subtenant with a level of protection, guaranteeing that their occupancy and rights to the premises will be respected and maintained, even if a change in ownership or termination occurs. In both types of attornment provisions, it is important to clearly define the process and consequences of attornment, including any potential changes to the lease terms, rent, or other obligations that may arise as a result. Phoenix, Arizona, being a major city with a thriving commercial real estate market, requires careful consideration of the attornment provision in sublease agreements. It is crucial for both subtenants and landlords to understand the implications and protections provided by these clauses to ensure a smooth transition in the event of lease termination or property transfer. Keywords: Phoenix Arizona, Attornment Provision, Sublease, Commercial properties, Subtenant, Landlord, Lease termination, Property sale, Basic Attornment, Non-Disturbance Attornment, Leasehold interest, Rent, Obligations, Ownership transfer, Property transfer.

Phoenix Arizona Attornment Provision in a Sublease is a legal clause that addresses the relationship between a subtenant and the landlord in a sublease agreement. This provision is particularly crucial in the context of subleasing commercial properties in Phoenix, Arizona. The attornment provision establishes the subtenant's obligation to recognize and acknowledge the landlord as the new landlord in the event that the original lease is terminated or the property is sold. In Phoenix, Arizona, there are two primary types of attornment provisions commonly found in sublease agreements: 1. Basic Attornment: This type of attornment provision requires that the subtenant recognizes and attorns to the landlord as the new landlord, should the original lease be terminated or the property sold. By attorning, the subtenant agrees to accept the landlord as their new direct landlord and continue paying rent and performing other obligations under the terms of the original lease. 2. Non-Disturbance Attornment: This provision ensures that the subtenant's rights and leasehold interest will not be disturbed or terminated in the event that the original lease is terminated or the property is sold. It provides the subtenant with a level of protection, guaranteeing that their occupancy and rights to the premises will be respected and maintained, even if a change in ownership or termination occurs. In both types of attornment provisions, it is important to clearly define the process and consequences of attornment, including any potential changes to the lease terms, rent, or other obligations that may arise as a result. Phoenix, Arizona, being a major city with a thriving commercial real estate market, requires careful consideration of the attornment provision in sublease agreements. It is crucial for both subtenants and landlords to understand the implications and protections provided by these clauses to ensure a smooth transition in the event of lease termination or property transfer. Keywords: Phoenix Arizona, Attornment Provision, Sublease, Commercial properties, Subtenant, Landlord, Lease termination, Property sale, Basic Attornment, Non-Disturbance Attornment, Leasehold interest, Rent, Obligations, Ownership transfer, Property transfer.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.